The companies and brokers, that I have researched thus far, require an individual to already be drawing their pension.
2007-07-24 14:47:18 · 2 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Much can happen in 2 years, and you cannot put up a pension as collateral.
Most companies would avoid such an investment like the plague, and the ones that would consider it will take advantage of you.
Avoid this situation if you can.. at all costs...
2007-07-28 05:03:14 · answer #1 · answered by I Can Count To Potato 7 · 0⤊ 0⤋
Yes , some pensions are group trust and the individuals due amount is negated if they pass before reaching retirement age .
Also , family may also have claim if it is an individual trust .
Selling it now would be the same as cashing out early , if it is an IRA (which would have early withdrawal penalties) .
It would be far too complicated to be worth it to an investor .
2007-07-24 21:53:30 · answer #2 · answered by kate 7 · 0⤊ 0⤋